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Probabilities
The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.
Reliable Historical Data
Trustworthy and dependable data from the past, used for research, analysis, or decision making, which has been accurately recorded and preserved.
Subjective Probabilities
Estimates of the likelihood of events based on personal judgment or experience, rather than on objective data or statistical analysis.
Past Experience
Refers to the knowledge, skills, and achievements a person has accumulated from previous job roles, education, or life situations.
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